[ET Net News Agency, 10 April 2025] UBS initiates coverage of MIXUE Group (02097) with a
target price of HKD435.59 and a "neutral" rating.
The research house said it estimates MIXUE's share of China's freshly made beverage
market to rise from 8.9% in 2024 to 9.3% in 2027, based on its standardisation capability
via leveraging five production bases that cover 100% of core ingredients supplied to
franchisees. (rc)